GSR raises Solana to 43.6%, cuts Bitcoin to 16.9%

GSR shifted its Core3 model toward Solana on Aug. 12, raising SOL to 43.6% of the portfolio and making it the models largest allocation.  SummaryGSR raised Solana to 43.6%, making SOL the largest allocation in its Core3 model portfolio.Bitcoin fell to 16.9% of Core3, while Ethers allocation declined to 39.5% this week overall.Solana gained 2.98% over seven days, outperforming Bitcoin and Ether in GSRs latest weekly comparison.Ether remained the strongest 30 day performer, rising 7.88% despite its reduced model portfolio weight.Core3 gained 5.30% monthly but still trailed the equal weight basket over longer measured periods.  Ether fell to 39.5%, while Bitcoin dropped to 16.9%, the smallest weight among the three assets.The firm said the change reflected a move in its relative alpha signals toward Solana as SOL showed stronger near term price momentum. GSRs written commentary lists the Solana weight at 43.7%, while the accompanying allocation table shows 43.6%. This article uses the table figure.  GSR Model Makes Solana Top Allocation to 43.6%, Cuts Bitcoin to 16.9%  GSR‘s Core3 model portfolio raised its Solana allocation to 43.6%, making SOL its largest position, while cutting Ether to 39.5% and Bitcoin to just 16.9%, as the model’s relative alpha signals shifted further… pic.twitter.com/C0aRl77W4h  — Wu Blockchain (@WuBlockchain)

3 دن پہلےانڈسٹری

Bitcoin slips near $63,500 as traders look past CPI to Feds next tests

Gabe Selby, head of research at CF Benchmarks, told CoinDesk that bitcoin moves hardest when inflation data forces a rethink on rates, gaining an average 3.25% across the three occasions in the past nine releases when inflation came in below expectations.  A downside surprise on July 14 was followed by a 4.24% rally. “An in-line report can remove a tail risk,” Selby said. “It takes a genuine surprise to create a catalyst.” He further sees room for the Fed to wait, with shelter costs up just 0.1%, energy down 1.5% and gasoline down 2.9%, and some goods categories now lapping last years tariff-driven increases.  The next tests are the Jackson Hole gathering of central bankers later this month, the Sept. 4 jobs report and the Sept. 11 inflation release.  Equities took the news better. MSCIs Asia Pacific index rose almost 1% with Samsung Electronics and SK Hynix the biggest contributors, and Koreas Kospi rallied almost 4% into a technical bull market, up 22% in ten days.  The mood was not uniform, with Cisco falling over 4% after hours on underwhelming earnings and Cerebras Systems dropping 17% on declining hardware sales.  Brent crude snapped a six-day run of gains, easing after a stretch that had taken

3 دن پہلےانڈسٹری

BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss

Quick TakeBitGo reported $4.33 billion in total revenue in the second quarter of this year, up 79.6% year-over-year.The firm recorded a net loss of $19 million, or $0.16 per share, in Q2, compared with net income of $38.3 million in the same period last year.  BitGo Holdings Inc. reported strong revenue growth in the second quarter of 2026, driven by business expansion, despite posting a net loss from digital asset devaluation.  According to its Wednesday disclosure, the digital asset infrastructure firm saw quarterly revenue of $4.33 billion, up 79.6% from $2.41 billion a year earlier and 14.7% from the previous quarter.  The revenue growth was mainly driven by higher digital asset sales and growth in its stablecoin-as-a-service business, the company said. The disclosure also highlighted $159 million of cash holdings, $147.7 million worth of bitcoin, and a recently authorized $50 million share repurchase program.  “We have the financial flexibility to invest behind our highest-priority opportunities while maintaining discipline around costs and capital allocation,” said BitGo Chief Financial Officer Ed Reginelli, who is set to step down from his role effective Sept. 15. “As we enter the second half, our focus is translating continued business growth into stronger earnings, disciplined capital allocation, and more durable

3 دن پہلےانڈسٹری

Novo Nordisk CEO Concedes Eli Lillys Market-Share Gains as Stock Slumps

Novo Nordisks stock keeps falling even when the news is good, and CEO Mike Doustdar just admitted why. Eli Lilly is beating Novo at its own game.  Doustdar sat down with CNBCs Jim Cramer this week to explain the disconnect. Novo, famous for its GLP-1 medication Ozempic, raised its full-year sales guidance on August 4, narrowing its projected annual decline from 8% to 3% at the midpoint. Investors sold anyway. NVO shares dropped roughly 6% that day.  A Beat That Still Lost  Doustdar walked through the math on air. Novo slashed prices on Ozempic and Wegovy last year to widen patient access, and volume hasnt caught up yet to offset those cuts. He compared it to basic arithmetic. Halving a price means you need double the volume just to break even, and volume never doubles on day one.  Sponsored  Sponsored  That gap between falling average revenue per prescription and rising patient counts is exactly what has investors nervous. Novos obesity and diabetes drugs now make up around 90% of its business, compared to about 60% at Eli Lilly, leaving Novo more exposed to any pricing or competitive shock in that single category.  Doustdars Concession  Oral Wegovy sits at the center of this story. Novo launched the pill version

3 دن پہلےانڈسٹری

ONDO tests KEY support after $1.35M token transfer sparks supply fears

A team-linked wallet transferred another 4 million $ONDO, worth approximately $1.35 million, into Coinbase during the latest distribution. The wallet had originally received 20 million $ONDO directly from the team.  Since then, its Coinbase transfers had reached 12 million $ONDO through three separate 4 million token deposits. Therefore, 60% of the original allocation had already moved toward the exchange.  Coinbase had also transferred roughly 4 million $ONDO per transaction toward Bybit during the previous week, as earlier reported by AMBCrypto. Those movements increased concerns because exchange-bound tokens could become available for distribution.  Meanwhile, $ONDO traded around $0.3372 as trading volume fell 5.46% to $66.05 million at the time of writing. Weaker activity reduced the available demand needed to absorb additional supply. Continued transfers would therefore leave $ONDO increasingly dependent on stronger buying interest to stabilize its declining price structure.  Spot sellers tighten their grip  The spot market behavior did not provide much evidence that buyers could easily take up the extra exchange-bound $ONDO supply. At press time, the 90-day Spot Taker CVD was seller-dominant, indicating more aggressive selling than market buying.  That imbalance mattered because taker sellers had already controlled immediate execution across the observed spot market. Meanwhile, continued deposits to Coinbase raised the potential supply,

3 دن پہلے

Bitwise cuts 14% of staff while still expecting growth

Digital asset manager Bitwise has cut 14% of its staff in a move that reduced workers at the San Francisco-headquartered company from about 180 to 155 people.  A Bitwise spokesperson confirmed to Cointelegraph on Wednesday that it had laid off about 25 people amid a crypto market downturn. The company is the latest in the crypto industry to announce staff cuts in 2026, following similar moves by Robinhood, Polygon, Pump.fun and others.  Bloomberg earlier reported that Bitwise chief executive Hunter Horsley said that the company still expects growth as crypto “further integrates into the global economy.” The company acquired Chorus One in February in a move expected to expand its staking services.  The reasons behind digital asset industry job cuts this year have varied. BitGo co-founder CEO Mike Belshe announced a “one-time action” in June, as the company cut 15% of staff to focus on AI and stablecoins. Also citing an AI strategy shift in May, Coinbase said it planned to reduce 14% of its workforce.  Since January, shares of the Bitwise 10 Crypto Index Fund (BITW) had fallen by more than 30%. The fund tracks the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ether (ETH).

3 دن پہلےانڈسٹری

Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report

Crypto market maker Wintermute reportedly plans to invest up to $1 billion in artificial intelligence (AI) data center infrastructure and high-frequency trading over the next five years.  The plans include scaling up Wintermutes non-crypto market activity to account for over 50% of its business by the end of 2027, up from the current 10%, Wintermute CEO Evgeny Gaevoy told Bloomberg.  Wednesdays report said that as part of the plans, Wintermute will also double the staff in its 17-person New York office next year and expand its global headcount by about 40%. Cointelegraph has approached Wintermute for more details surrounding its expansion plans.  Wintermute is the latest crypto-native firm to expand into traditional finance (TradFi), as digital assets trading platforms add tokenized traditional assets in pursuit of new revenue streams.  Some of the largest crypto exchanges that launched tokenized stock offerings include Coinbase, Binance and Kraken. Crypto.com announced its entry into the segment on Wednesday with initial access to 1,500 underlying stocks and funds.  Wall Street entities are also exploring tokenized equities. In March, the US Securities and Exchange Commission approved Nasdaqs pilot proposal to support the trading of tokenized versions of high-volume stocks and securities.  Days later, on March 24, the New York Stock Exchange partnered

3 دن پہلےانڈسٹری

ASX shareholder plans to sue former directors over failed blockchain project

An Australian Securities Exchange (ASX) shareholder plans to seek Federal Court permission to sue certain former ASX officers and directors over alleged breaches of duty connected to its failed blockchain-based clearing and settlement overhaul.  On Wednesday, ASX said Rosherville Pty Ltd had notified the exchange that it proposes to apply for leave to commence a statutory derivative action under sections 236 and 237 of Australia‘s Corporations Act. If approved, Rosherville would bring the proceedings on ASX’s behalf.  The exchange said there were no allegations against ASX itself. It did not identify the former officials targeted, describe their alleged breaches in detail or disclose the remedies Rosherville intends to seek, while the court has not considered whether the proposed case can proceed.  The proposed lawsuit could test whether shareholders can hold former ASX leaders accountable for overseeing one of Australias costliest financial-technology failures.  Failed CHESS overhaul draws regulatory action  ASX began exploring a replacement for its Clearing House Electronic Subregister System, or CHESS, in 2016 and selected a distributed-ledger system developed with New York-based Digital Asset. In December 2017, ASX was expected to become the first securities exchange to use blockchain for its core services.  The intended launch was repeatedly postponed. In November 2022, ASX paused the

3 دن پہلےانڈسٹری

Bank of England tests stablecoin, digital pound interoperability in cross-border payments

The Bank of Englands Digital Pound Lab is testing whether stablecoins and a potential digital British pound can operate within the same cross-border payment flow as part of an experiment focused on trade finance.  The experiment involves NOBO Finance, Dun & Bradstreet and Polygon Labs, with an exporter receiving an advance via a stablecoin rail while a UK importer completes settlement using simulated digital pounds, according to a Wednesday announcement from the three companies.  The project also includes a separate workstream aimed at creating reusable credit profiles for small businesses by combining transaction data, open-finance information and Dun & Bradstreets commercial risk data, with Polygon providing the smart contract infrastructure.  The test is aimed at reducing settlement delays and financing constraints for small- and medium-sized businesses engaged in cross-border trade. Exporters can wait days to receive payment after shipping goods, tying up working capital and making access to trade finance particularly important for smaller firms.  The Digital Pound Lab uses no real customers or money, and the Bank of England has not committed to issuing a digital pound. The central bank has said that participant-designed experiments in the lab should not be interpreted as indications of future bank policy or as endorsements of the

3 دن پہلےانڈسٹری

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

The New York City Council launched an investigation into companies offering prediction market services, aiming to examine whether they used “false and deceptive marketing” through influencers to target young adults.  In a Wednesday notice, the council said Speaker Julie Menin sent letters to Kalshi, Polymarket, Coinbase and Gemini Titan as part of an investigation into what they called “abusive marketing” through the platforms prediction market services. The probe will determine whether New York City officials need to consider additional measures against such marketing practices, including legislation, education and enforcement.  “Apps like Polymarket are expanding rapidly unchecked,” said Council Member Shekar Krishnan, who chairs the committee on oversight and investigations. “Their unprecedented reach is because they are preying on young adults and minors with deceptive and sometimes outright false marketing tactics that pull them in and wring them dry.”  The New York City investigation is the latest action in what many expect to become a legal showdown between US state and federal regulators over prediction market offerings like contracts tied to sporting events. While many state-level gaming authorities allege that companies are illegally offering sports betting, the Commodity Futures Trading Commission (CFTC) claims that the trades amount to “swaps” under its purview as a

3 دن پہلےانڈسٹری
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